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| The partnership of Metcalf, Petersen, and Russell shared profits and losses equally. When Metcalf withdrew from the partnership, the partners agreed that there was unrecorded goodwill in the partnership. Under the bonus method, the capital balances of Petersen and Russell were A. Not affected. B. The Each reduced by one half of the total amount of the unrecorded goodwill C. Each reduced by one third of the total amount of the unrecorded goodwill. D. Each reduced by one half of Metcalf’s share of the total amount of the unrecorded goodwill |
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